Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Aaon Inc (AAON)

394 + Investors. Track Smart Money conviction in AAON. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — AAON

Based on 397 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added AAON than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
397 hedge funds hold AAON right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

212 buying193 selling
Last quarter: 212 funds bought or added vs 193 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 67 → 83 → 68 → 61. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 26% medium ■ 24% new
198 out of 397 hedge funds have held AAON for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~61 new funds/quarter

66 → 67 → 83 → 68 → 61 new funds/Q
New funds entering each quarter: 67 → 83 → 68 → 61. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 30% newcomers

■ 55% veterans ■ 16% 1-2yr ■ 30% new
Entry-cohort mix of 404 holders: 221 (55%) are 2+ year veterans, 63 entered 1–2 years ago, and 120 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
56 of 397 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in AAON. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — AAON

In 2026 Q1, 212 hedge funds were net buyers of AAON (61 opened a new position, 151 added to an existing one), while 193 reduced or exited (134 trimmed, 59 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 49% of total institutional value in AAON is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 397.

Hedge Fund Ownership: AAON

How many hedge funds hold AAON — quarterly history vs. share price
Quarterly hedge fund ownership of AAON vs. share price

Market Analysis: AAON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AAON

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 0 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: AAON
2026 Q2 Stats Unlock in 4 days 394 + Investors

Track Smart Money conviction in AAON. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 394 394 -
13F Shares 69M 74M -6.19%
Total Value $5.66B $5.61B 0.95%
New Positions 60 68 -8
Increased Positions 150 126 +24
Closed Positions 60 74 -14
Reduced Positions 130 150 -20
Total Calls 3 5 -40.0%
Total Puts 4 2 100.0%
PUT/CALL Ratio 1.33 0.4 Bearish

Statistics: AAON

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Institutional Holders (2026 Q2)

394 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AAON. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 AAON holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spyglass Capital Management LLC 5.33% 776,629 $98.5M
2 LRT Capital Management, LLC 3.94% 47,783 $6.1M
3 Geneva Capital Management LLC 3.49% 1,200,842 $152.3M
4 Jacobson & Schmitt Advisors, LLC 3.22% 155,304 $19.7M
5 Conestoga Capital Advisors, LLC 2.80% 1,015,825 $128.9M
6 Allied Investment Advisors, LLC 2.39% 149,761 $19.0M
7 Aperture Investors, LLC 2.28% 198,361 $25.2M
8 American Capital Management Inc 2.13% 375,178 $47.6M
9 Copeland Capital Management, LLC 1.96% 750,196 $95.2M
10 Wasatch Advisors LP 1.94% 2,338,517 $296.7M
11 Ranger Investment Management, L.P. 1.93% 241,003 $30.6M
12 Clough Capital Partners L P 1.32% 127,644 $16.2M
13 Bokf, NA 1.19% 681,598 $86.5M
14 Champlain Investment Partners, LLC 1.18% 361,641 $45.9M
15 Semanteon Capital Management, LP 0.97% 1,699 $216K
16 Olistico Wealth, LLC 0.97% 17,903 $2.3M
17 Westview Management dba Westview Investment Advisors 0.94% 15,091 $1.9M
18 Chatham Capital Group, INC. 0.91% 56,366 $7.2M
19 Stephens Investment Management Group LLC 0.87% 643,256 $81.6M
20 Giverny Capital Inc. 0.87% 204,779 $26.0M
21 EULAV Asset Management 0.84% 208,500 $26.5M
22 Boreal Capital Management LLC 0.80% 8,429 $1.1M
23 Next Century Growth Investors LLC 0.74% 110,031 $14.0M
24 Riverbridge Partners LLC 0.74% 208,611 $26.5M
25 Mawer Investment Management Ltd. 0.74% 855,173 $108.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Aaon Inc (AAON)

What does the Smart Money Trend signal show for AAON?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added AAON than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for AAON?

Slight buying edge — 52% buying: Last quarter: 212 funds bought or added vs 193 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for AAON holders?

Elite ownership — 49% AUM from top-100 funds: 56 of 397 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in AAON. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held AAON?

50% of holders stayed for 2+ years: 198 out of 397 hedge funds have held AAON for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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